Date: 26th May, 2026

Open Offer Details

  • Open offer for acquisition of 1,56,89,957 (One Crore Fifty Six Lakhs Eighty Nine Thousand Nine Hundred Fifty Seven) fully paid-up equity shares
  • Face value: ₹10 per share
  • Represents 26% of the emerging fully diluted voting equity share capital
  • Acquisition from public shareholders of the target company
  • Offer price: ₹13.55 per equity share
  • Payment method: Cash
  • Acquiring entity: Referred to as "Acquirers" (specific acquirer name not disclosed in this document)

Committee Formation

  • Board of Directors constituted a committee of independent directors on 26th May, 2026
  • Committee members:
  • Mr. Pramodsinh Dabhi
  • Mr. Jagdishkumar Vajaji Thakor
  • Mr. Sanmitra Trivedi
  • Ms. Jalpa Anand Lavingia
  • Committee purpose: Provide reasoned recommendations on the open offer